Key Points
Pop star Shakira reached a deal with Spanish authorities on the first day of a tax fraud trial in Barcelona, avoiding the risk of a prison sentence, The Associated Press reported on Monday.. The singer is accused of not paying $15.8 million in tax in Spain between 2012 and 2014..
She appeared before the court on Monday, where she said 'yes' to confirm her acknowledgment of six counts of failing to pay the Spanish government 14.5 million euros (about $15.8 million) in taxes, the agency reported...
Under the deal, Shakira, who is famous for her songs 'Waka Waka' and 'Hips Don't Lie', is to receive a suspended three-year sentence and a fine of $7.6 million...
However, the Spanish authority reportedly said the artist, real name Shakira Isabel Mebarak Ripoll, lived in Spain "on a regular basis" during the tax years 2012 to 2014...
The prosecutors claimed that Shakira, knowing she lived on a regular basis in Spain, decided to use an existing offshore corporate framework to hide her worldwide earnings and evade income and wealth tax payments, The Sun reported..
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